Kelly Gordon Rogers Frisco, TX--This blog is dedicated to telling the Truth about convicted Felon Kelly Gordon Rogers (A former TX Attorney), exercising my First Amendment rights to Free Speech, and acting in a matter of "public concern" for the sole purpose of protecting individuals from getting involved in his financial schemes...and celebrating our 8th year of Public Service!

Tuesday, May 15, 2012

Law360: Atty Charged With Swiping $3M From Oil Scheme Investors

Law360, New York (May 14, 2012, 9:50 PM ET) -- A
Dallas-area attorney (Kelly G Rogers) has been indicted for allegedly stealing $2.8 million from
investors in his oil and gas scheme and for failing to tell them he had been
the target of suits accusing him of federal and state securities violations.

In a grand jury indictment filed May 1 in state court, Kelly G Rogers, of Frisco, Texas,
is charged with theft, money laundering and securities fraud in connection with
the investment shares in Falcon Energy LLC he sold to investors between August
2007 and October 2011.

Kelly G Rogers used the funds — which include a $950,000 investment from Oklahoma
City-based oil land leasing company Basin Management Group Inc. — for other
purposes and disposed of the money “in a manner that made recovery of said
property by said owners unlikely,” according to the indictment.

He never told investors that he had been sued in February 2007 in Texas for alleged violations of federal and state
securities laws, fraud, and breach of fiduciary duty in connection with his
sales of investments in a Louisiana
oil and gas venture, the indictment says.

Prosecutors say Kelly G Rogers also failed to disclose
that he was one of the defendants named in a July 2007 U.S. Securities
and Exchange Commission suit against Global Finance and Investments Inc.
over a $9.9 million Ponzi scheme that preyed upon over 100 investors
nationwide.

Kelly G Rogers was one
of the alleged facilitators of Global Finance company head Charles Davis,
according to the SEC. According to the suit, he created similar investment
offerings and passed funds on to Davis.

Kelly G Rogers also
solicited investors through Level Par Investments LLC, claiming to do trade in
bank debentures, the government alleged.

Shortly after the suit was filed, Kelly G Rogers
settled with the SEC by agreeing to disgorgement of $100,000 and a civil
penalty of $50,000. He was also enjoined from future violations of federal
securities law.

Representatives for prosecutors and for Kelly G Rogers
could not immediately be reached for comment Monday.